CRA economists advised King & Spalding, counsel to WestRock Company (WestRock), on the acquisition of KapStone Paper and Packaging Corporation (KapStone), both major North American producers of containerboard and kraft paper. CRA prepared extensive econometric analyses and economic modeling submissions to address questions raised by the US Department of Justice (DOJ). CRA also assisted with WestRock’s compliance with the DOJ’s Second Request. At the conclusion of its investigation, the DOJ granted unconditional antitrust clearance for the transaction.
Price gouging in a time of sea change
But price gouging laws in the US, exemplified by those enacted by state governments, were generally designed in anticipation of particular types of emergencies...